Posts Tagged ‘Måsøval’
Måsøval sees revenue, profits up for Q4 but a loss for 2023
Norwegian salmon farmer Måsøval has reported a big jump in revenue and operating profit for the final quarter of 2023. The story for the full year was less upbeat, however, with Måsøval recording increased revenue of NOK 2,400m (£180m) compared with NOK 1,992m (£149m), but operational EBIT down 32% to NOK 471.4m (£35m). The group…
Read MoreCod farmer acquires salmon harvesting site
Norwegian cod farmer Ode has taken over a harvesting facility formerly owned by the salmon group Måsøval. Ode confirmed at the weekend that it had acquired the Western Seaproducts facility in Vartdal near Ålesund, on the west coast of Norway. The plant will become a fully owned subsidiary and will be operated as a specialised…
Read MoreMåsøval to challenge compensation award
The Norwegian salmon farmer Måsøval has decided to appeal for more compensation after the company was awarded almost £1m against the Norwegian government over an incorrect pancreatic disease diagnosis. Måsøval had originally claimed NOK 29.8m (£2.3m) over the incident which took place in August 2019. The company was forced to slaughter tens of thousands of…
Read MoreGåsø moves back into salmon with large Måsøval stake
Helge Gåsø, founder and former head of the NTS Group fish farming company, is back in the salmon business – and in a big way. His investment company, Frøy Kapital, has purchased thousands of shares in Måsøval, a significant salmon farmer in central Norway. Måsøval also has interests in Iceland. An announcement on the Oslo…
Read MoreMåsøval unveils increased harvest – and wins compensation
The family-owned salmon company Måsøval today announced a higher than expected harvest for both 2023 and the final quarter of last year. With the new year just three days old, it is the first of the big salmon companies to unveil Q4 details. The company harvested 7,929 tonnes in the final three months of 2023…
Read MoreNorway Royal Salmon share deal paves way for Iceland tie-up
A larger and more powerful Icelandic salmon farming operation looks set to emerge following a financial restructuring in Oslo. The Norwegian transport and aquaculture services group NTS is increasing its stake in Norway Royal Salmon (NRS) after selling its shares in the company which owns the Icelandic salmon farmer Ice Fish Farm. In return, the…
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